National Bureau of Statistics

The National Bureau of Statistics (NBS) is the governmental agency in China responsible for collecting and publishing a wide range of economic and social data. It provides crucial insights into the country's economic performance, demographic trends, and social development. The NBS is newsworthy due to its recent releases of key economic indicators, including GDP growth, unemployment rates (particularly youth unemployment), consumer price index (CPI), and purchasing managers' index (PMI). Recent NBS data reveals a mixed economic picture: while China's economy grew by 5% in 2025, factory activity contracted in January, and the real estate market continues to struggle. Youth unemployment has shown slight improvements, but remains a concern. Furthermore, China's birth rate has plummeted to a record low, highlighting demographic challenges. The NBS data is highly relevant as it informs policy decisions, investment strategies, and provides a basis for assessing China's economic health and its impact on the global economy.